Wong Family Sells Brooklyn MultiFamily For $2.8M With Atlas Realty Group Partners LLC
429 Autumn Avenue, Brooklyn, New York 11208, United States
$2,833,000
$164/SF
Building Size
17,200 SF
Asset Type
MultiFamily
Closing
Jan 26, 2022
AI
The multi-family property located at 429 Autumn Ave. in Brooklyn has recently been sold for a price of $2,833,000. The property consists of 19 units, with an average price per unit of $149,105. The total square footage of the property is 17,200, resulting in a price per square foot of $164.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,833,000
- Units: 19
- Price per Unit: $149,105
- Square Footage: 17,200
- Price per Square Foot: $164
- Market: Brooklyn
Atlas Realty Group Partners LLC represented the Wong Family in this transaction. The team of brokers involved in the deal includes Shlomo Antebi, Yosef Katz, Erik Yankelovich, and Elli Khafizov.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.60%
Cash-on-Cash
-1.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93